According to PANews, the latest report shows that the daily trading volume of dollar-pegged stablecoins has exceeded $100 billion since June, significantly surpassing the trading volumes of Bitcoin and Ethereum. Based on quarterly reports from Tether and Circle, it is estimated that US Treasury bonds constitute at least 80% of the reserve assets for a total of $250 billion in dollar stablecoins, effectively increasing the demand for US Treasuries by $200 billion.
Standard Chartered Bank projects that by 2028, the stablecoin market will reach a size of $2 trillion, which correlates with the demand for US Treasury bonds ranging from $1.2 trillion to $1.6 trillion. This growth positions stablecoin issuers as the second-largest buyers of US Treasury bonds, after the Federal Reserve.
BTC
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